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Trade liberalization in Latin America

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  • Agosin, Manuel R.
  • Ffrench-Davis, Ricardo

Abstract

A major shift has been observed in the development strategies of most of the Latin American countries in recent years. One sign of this change has been that the countries have increased the neutrality of their trade policy incentives in an effort to give greater priority to the market as a resource-allocation mechanism; it is also hoped that this will result in a more export-oriented production apparatus. The authors review these changes and, in assessing the results to date and the consistency of these policy packages, contend that their impact in terms of economic growth and changing production patterns has thus far been unpromising. Indeed, generally speaking, the countries' performances as regards capital formation and overall productivity have not been satisfactory. A number of recommendations are also made regarding other measures that could complement existing policies aimed at opening up the region's economies in a way conducive both to changes in production patterns and to development.

Suggested Citation

  • Agosin, Manuel R. & Ffrench-Davis, Ricardo, 1993. "Trade liberalization in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    • Handle: RePEc:ecr:col070:10440
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/10440
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    Cited by:

    1. Agosin, Manuel R. & Ffrench-Davis, Ricardo, 2002. "Trade, specialization and economic growth in Latin America," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34898, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Moser, Titus, 2001. "MNCs and Sustainable Business Practice: The Case of the Colombian and Peruvian Petroleum Industries," World Development, Elsevier, vol. 29(2), pages 291-309, February.
    3. Manuel R. Agosin, 1997. "Export Performance in Chile: Lessons for Africa," WIDER Working Paper Series wp-1997-144, World Institute for Development Economic Research (UNU-WIDER).
    4. Jan G. Laarman, 1995. "Government Policies Affecting Forests in Latin America: An Agenda for Discussion," IDB Publications (Working Papers) 25498, Inter-American Development Bank.
    5. Ventura-Dias, Vivianne & Cabezas B., Mabel & Contador, Jaime, 1999. "Trade reforms and trade patterns in Latin America," Comercio Internacional 4391, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Geske Dijkstra, A., 2000. "Trade Liberalization and Industrial Development in Latin America," World Development, Elsevier, vol. 28(9), pages 1567-1582, September.
    7. Weller, Jürgen, 2001. "Economic reforms, growth and employment: labour markets in Latin America and the Caribbean," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2273 edited by Eclac, September.
    8. Londero, Elio, 1997. "Trade Liberalization with a Fixed Exchange Rate," MPRA Paper 85340, University Library of Munich, Germany.
    9. Manuel R. Agosin, 2013. "Productive Development Policies in Latin America: Past and Present," Working Papers wp382, University of Chile, Department of Economics.
    10. Matheus Koengkan & José Alberto Fuinhas & Isabel Vieira, 2021. "Measuring the effect of trade liberalisation on the consumption of non-renewable energy sources in Latin America&the Caribbean Countries," Economics and Business Letters, Oviedo University Press, vol. 10(4), pages 349-358.
    11. Rhys Jenkins, 1996. "Trade Liberalization and Export Performance in Bolivia," Development and Change, International Institute of Social Studies, vol. 27(4), pages 693-716, October.
    12. Robert A. Blecker, 1996. "NAFTA, the Peso Crisis, and the Contradictions of the Mexican Economic Growth Strategy," SCEPA working paper series. 1996-04, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    13. Jenkins, Rhys Owen, 2003. "Has trade liberalization created pollution havens in Latin America?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    14. Laarman, Jan G., 1995. "Government Policies Affecting Forests in Latin America: An Agenda for Discussion," IDB Publications (Working Papers) 6297, Inter-American Development Bank.

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